Christopher Guerriero
Legality of town changing property classification from
In 2018, the township of Ewing NJ changed the definition of a dwelling unit to "houses with 5 or less bedrooms". Houses with 6 or more bedrooms became defined as "Commercial Rooming Structures". "Commercial Rooming St...
Greg Baker
Trying to understand administrative divisions in New York (County, Village, City, School District, etc.)
Help! I wanted to check out tax rates within some nearby areas and started out here: http://www.osc.state.ny.us/localgov/orptbook/2012t...I was quickly baffled by the differences between counties, municipalities, cla...
Dean Letfus
Withholding tax on foreign owned LLC doing flips
Hi everybody. I wondered if anybody on here has had a similar issue to one we are trying to solve?We flip homes in the USA and have a single member LLC, 100% foreign owned for this activity. UP until this year the dol...
Mark S.
Deed Change of Ownership Upon Death
Husband and wife own home, free and clear, in both their names. Husband dies. I'm assuming wife must have deed changed to reflect ownership now in just her name, correct? What's the process and can this be done ele...
Adam M.
Co-GP/JV... Who's on Title?
Howdy BP,Post pretty much does what is says on the tin: who goes on the title when putting together a Co-GP deal?I'm guessing it will be probably the LLC that gets formed but if it's an equal split down the middle of ...
Kevin Izquierdo
Permits
I've been a handyman for quite some time, but I never understood the concept of Permits from a home owners perspective. If I'm the home owner and live there, do I need a permit to fix a kitchen or finish a basement? I...
Steve Skaw
Is it okay to buy a first-time house as primary house, but end up not living in it?
I'm planning to buy a house as a first-time home buyer, but I have no plans to live in it. I will be renting the rooms out.
Everything will be under the assumption that the house is my primary house (loan, ...
Nick Brubaker
Charging interest on delinquent rent and fees?
Is it customary and legal to charge interest on delinquent rent and fees? In the lease provided with his book on managing rental property, @Brandon Turner, includes a clause requiring 18% interest per year on delinqu...
Josh Edwards
How can this market continue seeing such highs?
Hey guys,I’m relatively new to BiggerPockets and I am having a hard time understanding our current market conditions. I am from Long Island, New York, last summer due to COVID there was lots of cash buyers entering th...
Glenn Plantone
Does the February Rise in Sales Mean a Bottom is Near?
Home sales soared nationwide in February leading many market analysts to wonder if the bottom has finally come for the distressed U.S. housing market. But it is important to note that sales also rose in December and ...